Economic Data for Week 26-2012 | Global View | Week Rating
| DATE |
DAY |
REPORT/CATEGORY |
HIGHLIGHTS ON WEEK 26-2012 |
LAST |
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Mon |
Chicago Fed Nat Activity Index |
According to the Chicago Fed National Activity Index, May economic activity decreased from April. The 3-month moving average of the indicator has declined for three consecutive months. |
-0.45 |
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Growth |
Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.45 in May from +0.08 in April. |
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Wed |
New Home Sales |
Sales of newly built homes in the U.S. hit the highest level in more than two years, indicating a slow recovery in the housing market, the government reported today. |
369K |
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Real Estate |
New home sales were up 7.6 percent in May compared with a month earlier and the most since April 2010, according to the Commerce Department. |
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Tue |
ICSC Goldman Sachs Index |
Mixed are the June 23 results from ICSC-Goldman whose same-store sales index surged 2.0% week-to-week with, however, year-on-year growth falling to plus 2.7% which is down nearly one full percentage point for the lowest rate in three months. |
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Sales and Inventories |
Forget about the jump in the week-to-week measure as ICSC-Goldman is warning that June has been a tough month for retailers. |
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Tue |
Johnson Redbook |
A disappointing month for the nation's retailers, based on the weekly chain-store reports from ICSC-Goldman and now also Redbook whose same-store sales index shows only 2.3 percent year-on-year growth in the June 23 week. |
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Sales and Inventories |
Redbook's tally has been weak all month with the report citing, in part, warm weather which is keeping shoppers outdoors and out of stores. Redbook also notes that inventories at some retailers are slightly higher than planned. |
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Tue |
S&P Case-Shiller Index |
Price traction is appearing in the home sector, the result of declining competition from distressed properties and also perhaps rising demand. April's gain is also the third in a row which is the longest streak since early 2010. |
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Real Estate |
Case-Shiller's seasonally adjusted composite index for 20 of the nation's largest markets surged 0.7%. This is an unusually large gain, last exceeded in April 2010 and before that in August 2009. |
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Tue |
Consumer Confidence |
Consumer confidence fell in June for the 4 straight month as worries about jobs and the overall economy outweighed relief at the gas pump and an improvement in the housing market. |
62.0 |
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Consumer |
Consumer Confidence Index fell from 64.4 in May to 62 in June. But the 4-month slide from 71.6 in February is significant and corresponds with a slowdown in hiring by U.S. companies over the same period. |
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Wed |
MBA purchase Applications |
The purchase index fell 1 percent in the June 22 week which follows large swings downward and upward in the prior two weeks. |
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Real Estate |
The report attributes an 8.0 percent drop in refinancing, which follows a spike earlier this month, to implementation of new FHA premiums and related borrower timing to lower their premiums. |
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Wed |
Durable Goods Orders |
Durable goods orders rose 1.1% last month on strong demand for transportation equipment, the Commerce Department said on Wednesday. Economists had expected orders to rise just 0.4%. |
N/A |
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Manufacturing |
New orders for a range of long-lasting manufactured goods fell in June and a gauge of planned business spending plans dropped, pointing to a slowdown in factory activity. |
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Wed |
Pending Home Sales Index |
Pending home sales soar in May to highest level in two years. Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years |
N/A |
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Real Estate |
The increase suggests home sales will rise this summer and the modest housing recovery will continue. The NAR said Wednesday that its index of sales agreements increased to 101.1 last month from 95.5 in April. That matches March's reading, the highest since April 2010, when a home-buying tax credit boosted sales. |
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Wed |
EIA Crude Oil Report |
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N/A |
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Commodity |
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Thu |
Jobless/Initial Claims |
Initial jobless claims fell 6,000 in the June 23 week to a slightly higher-than-expected 386,000. The prior week is revised 5,000 higher to 392,000. |
386,000 Claims |
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Employment |
The 4-week average inched 750 lower to a 386,750 level that is 10,000 higher than a month ago. This comparison points to another disappointing monthly employment report |
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Thu |
Gross Domestic Product (GDP) |
US gross domestic product grew at a seasonally adjusted 1.9% q/q annualized pace in Q1 2012, an 11th straight quarterly gain, after a 3.0% q/q annualized rate in Q4 2011. |
1.9% |
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Growth |
GDP figures, which showed a decrease of 0.3% for the first quarter of 2012, may be damage caused by the Government's austerity programme. |
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Thu |
Corporate Profits |
Corporate profits declined last quarter, ticking down by $6.4 billion or 0.3% in seasonally adjusted annual terms. A small decline, yes, but it was also the first decline since the fourth quarter of 2008, when the great recession was still raging. |
N/A |
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Growth |
Corporate Profits Fall for First Time Since Recession. Interestingly, profits fell entirely because of declines in foreign markets, not because of business problems at home. |
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Thu |
EIA Natural Gas Report |
Front-month U.S. natural gas futures reversed course and headed lower early Thursday after a government report showed a weekly inventory build slightly above market expectations. |
N/A |
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Commodity |
The U.S. Energy Information Administration report showed total domestic gas inventories rose last week by 57 billion cubic feet to 3.063 trillion cubic feet. |
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Thu |
Fed Balance Sheet |
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N/A |
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Government |
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Thu |
M2 Money Supply |
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N/A |
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Money Supply |
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Fri |
Fixed Mortgage Rates |
The 30-year fixed-rate mortgage (FRM) averaged 3.66% with an average 0.7 point for the week ending June 28, 2012, the same as last week. Last year at this time, the 30-year FRM averaged 4.51%. |
3.66%
APR
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Interest Rates |
Results showed that the 15-year FRM this week averaged 2.94% with an average 0.7 point, down from last week when it averaged 2.95%. A year ago at this time, the 15-year FRM averaged 3.69%. |
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Fri |
Personal Income |
Personal income was modestly positive in May but held back largely by earnings. Personal income in May rose 0.2%, matching the pace in April.
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0.2% |
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Consumer |
The market consensus called for a 0.3% gain in personal income. The key wages & salaries component was unchanged, following a 0.1% increase in April. |
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Fri |
Consumer Spending Real PCE |
Spending was even weaker on declines in auto sales and gasoline prices. Durables fell 0.4% in May reflecting a drop in motor vehicle sales to a large degree |
0.0% |
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Consumer |
Consumer spending in May was unchanged, after edging up 0.1% the prior month. Analysts forecast a flat reading. |
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Fri |
Core PCE |
The Core PCE rate rose 0.1 percent in both May and April. The median market forecast was for a 0.2 percent increase. |
0.1% |
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Inflation |
Core PCE as an inflation measure: lower oil prices are weighing on the inflation numbers. Year-on-year Core PCE was up 1.8 percent versus 2.0 percent in April. |
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Fri |
Chicago PMI |
The Consumer Sentiment index opened the year at 75.0 and now is at is edging further down to new 2012 lows, at 73.2 for the final June reading. |
73.2 |
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Manufacturing |
Today's consumer sentiment report shows weakness is apparent in both expectations and in currents conditions. |
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Fri |
Consumer Sentiment |
The Consumer Sentiment index opened the year at 75.0 and now is at is edging further down to new 2012 lows, at 73.2 for the final June reading. |
73.2 |
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Consumer |
Today's consumer sentiment report shows weakness is apparent in both expectations and in currents conditions. |
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